Tech Optimism Powers Strong Q2 For Stocks
Jul 25, 2023
The second quarter of 2023 has provided good news for investors even amid worries
PHOENIX - July 25, 2023 - PRLog -- In the newest blog post from Trajan Wealth, Matt Coffina, CFA takes a look at the current financial market and how it informs the stock market and how we should respond with our investments.
Looking at the beginning of this year, we have seen a strong first half to the year. In the second quarter, the S&P 500 delivered an 8.7% total return, leaving the benchmark up 19.4% over the last year. This could be a very surprising thing considering the investor fears including inflation, interest rate hikes, a banking crisis, debt ceiling worry, and a weakening economy.
These factors all serve as a potent reminder that trying to time the market might not be a great idea. There are so many factors at play at any given time, the market is mostly unpredictable in the short term. On a longer timeline, however, we have seen strong growth in stocks, and that is a very powerful thing to remember when planning your investment strategy.
There are several reasons to maintain a long-distance view of your goals when making investment decisions, as well as several traps one could fall into when looking at your portfolio for short-term results. One piece of advice for avoiding these traps is to avoid looking at your account balance too often. When the market is up, it could lead to you feeling overconfident and overspending, and when the market is down, it could cause anxiety and cause you to make rash decisions.
Read the entire blog post about the strong Q2 stock performance on the Trajan Wealth Blog. We aim to keep you informed and aware of what's happening in the financial world and how you can take advantage of our expertise to help manage your investments to grow your wealth for the rest of your life.
About Trajan Wealth:
Trajan Wealth LLC formed in 2012, was founded by CEO Jeff Junior. Prior to his 20+ years in the financial services profession, Jeff Junior was a member of the United States Marine Corps. Jeff continues to serve his clients and employees with the utmost service, respect, and attention to detail. The firm has multiple locations in Arizona, Texas, and Utah. Trajan Wealth is expanding to the Atlanta area in the coming months.
For more information on all the different services offered or to schedule a complimentary consultation, visit https://trajanwealth.com or call 1-800-838-3079.
Disclaimer:
* Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through Trajan® Estate, L.L.C. in Arizona and Utah, and independent law firms in other States.
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